KDR26: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KDR26
Largest movements
- Tangible fixed assets +€65,548
up €65,548 (+362.9%), from €18,061 to €83,609
of which Leasing and similar rights: +€72,397
- Receivables within one year +€35,412
up €35,412 (+158.5%), from €22,343 to €57,755
of which Other amounts receivable: +€20,717
- Cash -€19,382
down €19,382 (-96.1%), from €20,160 to €778
mainly Investment in fixed assets (net) (-€93,769) and Receivables within one year (-€35,412)
- Debts after one year +€55,360
new in 2024: €55,360
- Trade debts -€23,297
down €23,297 (-91.9%), from €25,339 to €2,042
- Other debts +€22,445
up €22,445 (+1568.5%), from €1,431 to €23,876
- Profit (loss) carried forward +€14,887
up €14,887 (+78.8%), from €18,894 to €33,781
- Current portion of long-term debt +€11,084
new in 2024: €11,084
- Gross operating margin +€110,564
up €110,564 (+142.5%), from €77,602 to €188,166
- Staff costs +€92,444
up €92,444 (+186.6%), from €49,531 to €141,975
- Depreciation +€19,191
up €19,191 (+212.5%), from €9,030 to €28,221
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,664 | €142,242 | +€81,578 | +134.5% |
| Fixed assets | 21/28 | €18,061 | €83,609 | +€65,548 | +362.9% |
| Tangible fixed assets | 22/27 | €18,061 | €83,609 | +€65,548 | +362.9% |
| Plant, machinery and equipment | 23 | - | €2,182 | +€2,182 | |
| Furniture and vehicles | 24 | €18,061 | €9,030 | -€9,031 | -50.0% |
| Leasing and similar rights | 25 | - | €72,397 | +€72,397 | |
| Current assets | 29/58 | €42,603 | €58,633 | +€16,030 | +37.6% |
| Stocks and contracts in progress | 3 | €100 | €100 | = | 0.0% |
| Stocks | 30/36 | €100 | €100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,343 | €57,755 | +€35,412 | +158.5% |
| Trade receivables | 40 | €18,160 | €32,855 | +€14,695 | +80.9% |
| Other amounts receivable | 41 | €4,183 | €24,900 | +€20,717 | +495.3% |
| Cash at bank and in hand | 54/58 | €20,160 | €778 | -€19,382 | -96.1% |
| Total equity and liabilities | 10/49 | €60,664 | €142,242 | +€81,578 | +134.5% |
| Equity | 10/15 | €33,894 | €48,781 | +€14,887 | +43.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,894 | €33,781 | +€14,887 | +78.8% |
| Amounts payable | 17/49 | €26,770 | €93,461 | +€66,691 | +249.1% |
| Amounts payable after more than one year | 17 | - | €55,360 | +€55,360 | |
| Financial debts | 170/4 | - | €55,360 | +€55,360 | |
| Amounts payable within one year | 42/48 | €26,770 | €38,101 | +€11,331 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,084 | +€11,084 | |
| Trade debts | 44 | €25,339 | €2,042 | -€23,297 | -91.9% |
| Suppliers | 440/4 | €25,339 | €2,042 | -€23,297 | -91.9% |
| Taxes, remuneration and social security | 45 | - | €1,099 | +€1,099 | |
| Remuneration and social security | 454/9 | - | €1,099 | +€1,099 | |
| Other amounts payable | 47/48 | €1,431 | €23,876 | +€22,445 | +1568.5% |
| Remuneration, social security and pensions | 62 | €49,531 | €141,975 | +€92,444 | +186.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,030 | €28,221 | +€19,191 | +212.5% |
| Other operating charges | 640/8 | €140 | €964 | +€824 | +588.6% |
| Non-recurring operating charges | 66A | - | €237 | +€237 | |
| Gross operating margin | 9900 | €77,602 | €188,166 | +€110,564 | +142.5% |
| Operating profit (loss) | 9901 | €18,901 | €16,769 | -€2,132 | -11.3% |
| Financial charges | 65/66B | €7 | €1,882 | +€1,875 | +26785.7% |
| Recurring financial charges | 65 | €7 | €1,882 | +€1,875 | +26785.7% |
| Profit (loss) for the period before taxes | 9903 | €18,894 | €14,887 | -€4,007 | -21.2% |
| Profit (loss) for the period | 9904 | €18,894 | €14,887 | -€4,007 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,894 | €14,887 | -€4,007 | -21.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.